ESOP · DOL Form 5500 · 2024

Karl's, Inc. ESOP

Data updated 2026-08-11

$25M
Total assets
293
Participants
74th
Percentile by assets
$84,625
Avg per participant
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Official DOL plan name: Karl's Inc Employee Stock Ownership Plan and Trust · Sponsored by Karl's, Inc. · South Dakota · Retail Trade

$25M in assets, 293 participants

Karl's, Inc.'s Karl's Inc Employee Stock Ownership Plan and Trust reported $25M in total assets and 293 participants in its 2024 DOL Form 5500 filing, ranking in the 74th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 74th percentile by assets (of 123,622 plans)
  • #6,757 in Retail Trade (8,048 peers)

Karl's, Inc. multi-year trail

Karl's, Inc.'s plans moved +50.1% in assets from 2022 to 2024; this filing shows Karl's Inc Employee Stock Ownership Plan and Trust at $25M / 293 participants.

$25M
total plan assets (2024 EOY)
293
covered participants
74th
percentile by assets (of 123,622 plans)
$84,625
avg assets per participant

Where Karl's Inc Employee Stock Ownership Plan and Trust sits by total assets

Karl's Inc Employee Stock Ownership Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$24,795,259 Top 26% higher than 74% of 123,620 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Karl's Inc Employee Stock Ownership Plan and Trust reported participants rose from 214 in the plan year 2023 filing to 293 in the plan year 2024 filing.
  • Karl's Inc Employee Stock Ownership Plan and Trust end-of-year assets rose from $19M in the plan year 2023 filing to $25M in the plan year 2024 filing.
  • Karl's Inc Employee Stock Ownership Plan and Trust reported net income rose from $4M in the plan year 2023 filing to $5M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
South Dakota
Industry
Retail Trade

Karl's, Inc. across 3 plan years on file

Across the 3 plan years Karl's, Inc. has on file (2022-2024), sponsor-wide plan assets have moved from $20M to $30M, a gain of 50.1%, while reported participants moved from 637 to 670 (+5.2%). Peak year by sponsor assets: 2024 ($30M); trough: 2022 ($20M).

Karl's, Inc. multi-year asset trail

$15M$20M$25M$30M$35M 202220232024 $20.2M $30.4M ▲ +50.1%
Total plan assets by year, all Karl's, Inc. plans on file
Year Plans Participants Total Assets
2022 2 637 $20M
2023 2 597 $25M
2024 2 670 $30M

Karl's, Inc. filing trail (2024)

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$24M
Net Income$5M
Employer EIN460307274
Plan Effective Date1980-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in South Dakota

Peer ESOP plans, same state, same plan type, ranked by total assets.

Karl's Inc Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in South Dakota, assets vs. participants Scatter plot of 6 data points. 0200400600800 20406080100120 Total assets ($M) Participants Karl's Inc Employee …, Total assets ($M): 24.795259 · Participants: 293Karl's Inc Employee …Showplace Wood Produ…, Total assets ($M): 103.967023 · Participants: 529Showplace Wood Produ…Fishback Financial C…, Total assets ($M): 56.010399 · Participants: 715Fishback Financial C…Bierschbach Equipmen…, Total assets ($M): 46.027058 · Participants: 87Bierschbach Equipmen…Re/Spec Inc. Employe…, Total assets ($M): 45.003648 · Participants: 497Re/Spec Inc. Employe…The Ramkota Companie…, Total assets ($M): 41.777263 · Participants: 108The Ramkota Companie…
Karl's Inc Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in South Dakota, assets vs. participants
Compare Karl's Inc Employee Stock Ownership Plan… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to Karl's Inc Employee Stock Ownership Plan and Trust by total assets, not by location.

Frequently Asked Questions

How did Karl's Inc Employee Stock Ownership Plan and Trust assets move in 2024? ▼
Karl's Inc Employee Stock Ownership Plan and Trust grew sharply - up 27.7% during 2024, from $19M to $25M. Reported net income was $5M.
How have Karl's, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Karl's, Inc.'s sponsor-wide assets grew 50.1%, from $20M to $30M.
Which ESOP plans are similar in size to Karl's Inc Employee Stock Ownership Plan and Trust? ▼
Among ESOP plans in other states, the closest by assets is C&i Engineering Employee Stock Ownership Plan in KY ($25M, 237 participants).

Next read for Karl's Inc Employee Stock Ownership Plan…

Multi-year trail

Ways to act on Karl's Inc Employee Stock Ownership Plan and Trust's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 460307274.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.